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Am I misreading this: the conclusion is that the lowest earners cannot afford 40th percentile rents?
by NovemberWhiskey 6y ago
Am I misreading this: the conclusion is that the lowest earners cannot afford 40th percentile rents?
- deathanatos 6y agoYes, and no. Directly yes. But no, because the numbers are so insanely over I question whether they can afford 30th or 20th percentile too. It smells like the 40th-%tile is the number that the data exists for. I would welcome graphs showing this data at other %-tiles, and whether that changes the outlook significantly. But the report puts ~50% of the workforce below the national housing wage for a 1-bed. 50% of the workforce cannot all obtain better than 40th %-tile rents.
- NovemberWhiskey 6y agoN.B. that the "fair market rent" also excludes public housing rents. Would it be reasonable to suggest that we could expect people earning only minimum wage to be consumers of public housing?